Lumentum Holdings Stock Rises 8.2% After Last Week's Drop

• Lumentum Holdings (NASDAQ:LITE) stock closed 8.2% higher after a financial services firm initiated coverage with a bullish stance.
• The stock rise follows a 8.3% drop in the previous week.
• Lumentum is a developer of optical and photonic technologies.
• The stock increase coincides with a broader comeback of optical stocks.
• The positive news follows Anthropic’s IPO filing and other favorable developments.